Japan Financial News

By Joseph White

Investing.com-- Most Asian stocks rose on Thursday, with Chinese markets extending a rebound after the government announced more monetary stimulus measures, while Japanese shares lagged as mixed cues from the Bank of Japan spurred more profit-taking.

ALSO READ: ISRO's Vikram lander, Chandrayaan-3 gets pinged by retroreflector from NASA spacecraft To date, the Chandrayaan-2 mission's orbiter continues to study the moon and provides critical data on its topography, mineralogy, and the search for water ice. It weighs 3850 kg and was a leap forward from its predecessor Chandrayaan-1. The Chandrayaan-1 had orbited the moon at a height of 100 km for mapping purposes.

For the first time ever, ESG funds saw global net outflows amid a major exodus by US investors from environmental, social and governance strategies.

Emerging-market stocks gained Tuesday as shares in Hong Kong rebounded from a 14-month low on speculation of a new stimulus package in China, while currencies pared earlier losses.

Stocks gained as an onslaught of positive earnings from technology companies reinforced the picture of a broadly robust corporate sector.   

On Monday, Ukrainian-born model Carolina Shiino graciously accepted the Miss Japan 2024 title with tears in her eyes.

Wall Street firms in Asia dropped to the lowest level in almost two decades, according to people familiar with the matter, as a dearth of deals in China and Hong Kong hammered the industry. Total compensation for many senior bankers in Asia ex-Japan fell to $700,000 to $800,000, well below the $1 million or more they have typically earned since the turn of the millennium, the people said, asking not to be identified discussing private matters. At least 20 percent of managing directors at banks including Morgan Stanley and UBS Group AG, received no bonuses last year, the people said.

Q3 results 2023: Investors are ready for an earnings bonanza on January 25 as a slew of major Indian companies, including Tata Technologies, Vedanta Limited, TVS Holdings Ltd, and Punjab National Bank, are set to unveil their financial performance for the Q3FY24 results. The market eagerly awaits these results, seeking insights into the economic recovery and sectoral trends amidst global uncertainties. In the afternoon session on January 24, the market displayed a robust rebound, primarily driven by short covering.

Asian stocks traded cautiously and bonds fell on Thursday while investors waited on more detail of China's stimulus plans and for a European Central Bank meeting later in the session.

Sony Group Corp.’s lawyers got a nasty surprise during a routine call from the legal team of Zee Enterprises Entertainment Ltd. Nearly two years into tortuous merger negotiations to create a $10 billion Indian entertainment giant, Zee wanted the Japanese company to agree to a so-called “hold harmless” clause for its Chief Executive Officer, Punit Goenka, just weeks before the Dec. 21 deal deadline. Already wary of Goenka, who had been accused of financial impropriety by India’s markets regulator several months earlier, Sony executives wondered why he requested indemnity. On his part, Goenka was worried that Sony would start a witch hunt against him after the merger was completed and it got what it wanted: access to Zee’s deep library of local entertainment content. The account of this weeks-long stalemate was pieced together by speaking to people familiar with the matter who asked not to be identified as the talks were private.

North Korea said Thursday it conducted its first flight test of a new cruise missile, as it expands its military capabilities in the face of deepening tensions with the United States and neighbours. The report in state media came a day after South Korea's military said it detected the North firing several cruise missiles into waters off its western coast. The South's Joint Chiefs of Staff did not provide more specific assessments, including the number of missiles fired or their flight characteristics.

Tata Technologies, SBI Life, ZEE among others will be in focus due to various developments and quarterly numbers. Here's a complete list of stocks for investors to track.

Japan has reported its exports surged almost 10% in December from a year earlier, helped by a revival in trade with China and strong demand for vehicles

New Delhi: India has taken a strong stance on the issue of subsidies provided to poor and marginal fishermen. The country is planning to push its demand for the extension of subsidies to poor fishermen up to 200 nautical miles (nm) at the WTO Ministerial Conference (MC13), to be held from 26 February to 29 February in Abu Dhabi, a senior official said on Wednesday.

19 funds gained FE fundinfo's 5-Crown rating, bringing the total number of 5-Crown rated funds to 261.

Global macro investing is a tough business.  Your position sizes are big, and they’re often leveraged.  And “relative value” trades have the nasty property that sometimes the “cheap” side gets cheaper while the “expensive” side gets more so, leaving you with a “hedge” position that’s losing money at double the speed.

Will Beijing bring out its big bazooka to rescue China’s battered stock market? That is the billion-dollar question as investors try to time the bottom for Chinese stocks. But they might be wise to also look at some easier bets. Chinese stocks are off to a bad start in 2024, after doing poorly over the last couple of years.

Emerging-market stocks gained Tuesday as shares in Hong Kong rebounded from a 14-month low on speculation of a new stimulus package in China, while currencies pared earlier losses.

Investing.com-- Most Asian currencies kept to a tight range on Wednesday, while the dollar steadied near six-week highs as markets awaited more cues on when the Federal Reserve could begin trimming interest rates.

Investing.com-- Most Asian stocks retreated on Wednesday as mixed signals from the Bank of Japan spurred some profit-taking in Japanese markets, while Hong Kong stocks rebounded sharply on a tech-fueled rally led by Alibaba Group.